Gardner Denver, Inc. Merger Litigation (NYSE: GDI)
Law Office of Brodsky & Smith, LLC Announces Investigation of Gardner Denver, Inc.
BALA CYNWYD, March 8, 2013 (Business Wire) –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gardner Denver, Inc. (“Gardner Denver” or the “Company”) (NYSE- GDI-News) relating to the proposed acquisition by Kohlberg Kravis Roberts & Co. (“KKR”).
Under the terms of the transaction, Gardner Denver shareholders will receive only $76.00 in cash for each share of Gardner Denver stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Gardner Denver for not acting in the Company’s shareholders' best interests in connection with the sale process to KKR. The transaction may undervalue the Company and will result in a loss for many long term shareholders. For example Gardner Denver stock traded at $79.88 as recently as February 9, 2012 and $91.50 on July 22, 2011. In addition, an analyst has set a price target for Gardner Denver stock at $85.00 per share.
If you own shares of Gardner Denver stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com by calling toll free 877-LEGAL-90.
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